Cookies?
Library Header Image
LSE Research Online LSE Library Services

Might economists be partly to blame for Trump and moves towards a ‘full British Brexit’?

Bronk, Richard (2018) Might economists be partly to blame for Trump and moves towards a ‘full British Brexit’? LSE European Politics and Policy (EUROPP) Blog (27 Jun 2018). Blog Entry.

[img]
Preview
Text - Published Version
Download (167kB) | Preview

Abstract

The reasons for the Trump phenomenon and Brexit vote are many and various, but have we overlooked ways in which standard economics, by failing to take seriously the radical uncertainty endemic in modern political economies, has contributed to the populist turn? Richard Bronk argues that by mischaracterising their profession as able to make precise forecasts of uncertain futures – an impossible task – economists contributed to the current denigration of experts. More importantly, by assuming that people form rational expectations, they encouraged us to ignore the transformative power of simple narratives.

Item Type: Website (Blog Entry)
Official URL: http://blogs.lse.ac.uk/europpblog
Additional Information: © 2018 The Author(s)
Subjects: H Social Sciences > HB Economic Theory
J Political Science > JN Political institutions (Europe)
J Political Science > JN Political institutions (Europe) > JN101 Great Britain
Sets: Collections > LSE European Politics and Policy (EUROPP) Blog
Date Deposited: 17 Jul 2018 15:23
Last Modified: 17 Jul 2018 15:23
URI: http://eprints.lse.ac.uk/id/eprint/89349

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics